Handgun Control Act

Summary

Handgun Control Act - States that (subject to specified exceptions) it shall be unlawful: (1) for any person to import, manufacture, sell, buy, transfer, receive, or transport any hundgun or handgun ammunition; and (2) after one year from the effective date of this Act, for any person to own or possess any handgun or handgun ammunition. Authorizes the Secretary of the Treasury, consistent with public safety and necessity, to exempt from the operation of the above provisions such importation, manufacture, sale, purchase, transfer, receipt, possession, ownership, or transportation of handguns and handgun ammunition by importers, manufacturers, or dealers, and by pistol clubs, licensed under Federal law. States that it shall be unlawful: for any licensed importer, manufacturer, collector, or dealer to sell or otherwise transfer any handgun or handgun ammunition to any person, except another licensed importer, manufacturer, collector, or dealer, without presentation by the purchaser or recipient of written verification that the receipt or purchase is being made by or on behalf of a person or governmental agency eligible to obtain and possess handguns or a pistol club licensed under this Act. Provides for the licensing of pistol clubs upon application under regulations to be prescribed by the Secretary. Authorizes revocation of such license for violations of Federal gun law by pistol clubs. States that any person whose application for a license is denied and any holder of a license which is revoked shall receive a written notice from the Secretary stating specifically the grounds upon which the application was denied or upon which the license was revoked. States that whoever violates any provision of this Act shall be fined not more than $5,000, or imprisoned not more than five years, or both, and shall become eligible as the Board of Parole shall determine. States that the provisions of this Act shall not apply to dealings in handguns by: (1) State-licensed security guard services; and (2) the United States. Provides an income tax credit in the amount of the fair market valued of any handgun voluntarily transferred to any Federal, State, or local law enforcement agency. Authorizes to be appropriated the sums as are necessary to carry out the provisions of this Act.

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1 official file

• Introduced in House

  summary · EN · 23 September 1975

  Open at official source

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